Nordea Investment Management AB Acquires 522 Shares of Sealed Air Corporation $SEE

Nordea Investment Management AB boosted its holdings in Sealed Air Corporation (NYSE:SEE) by 0.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 444,575 shares of the industrial products company’s stock after acquiring an additional 522 shares during the period. Nordea Investment Management AB’s holdings in Sealed Air were worth $13,826,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Yousif Capital Management LLC raised its stake in Sealed Air by 1.8% in the 2nd quarter. Yousif Capital Management LLC now owns 58,209 shares of the industrial products company’s stock valued at $1,806,000 after acquiring an additional 1,019 shares during the period. CWM LLC raised its stake in Sealed Air by 197.7% in the 2nd quarter. CWM LLC now owns 12,038 shares of the industrial products company’s stock valued at $374,000 after acquiring an additional 7,994 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in Sealed Air by 24.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,391 shares of the industrial products company’s stock valued at $322,000 after acquiring an additional 2,009 shares during the period. Maryland State Retirement & Pension System raised its stake in Sealed Air by 1.6% in the 2nd quarter. Maryland State Retirement & Pension System now owns 50,016 shares of the industrial products company’s stock valued at $1,552,000 after acquiring an additional 775 shares during the period. Finally, KLP Kapitalforvaltning AS raised its stake in Sealed Air by 7.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 30,500 shares of the industrial products company’s stock valued at $946,000 after acquiring an additional 2,100 shares during the period. Institutional investors own 94.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Mizuho increased their price objective on Sealed Air from $36.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sealed Air in a research report on Wednesday, October 8th. Citigroup increased their price objective on Sealed Air from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Truist Financial increased their price objective on Sealed Air from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Finally, Wall Street Zen upgraded Sealed Air from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Sealed Air currently has an average rating of “Moderate Buy” and an average target price of $41.09.

Sealed Air Stock Performance

SEE opened at $34.49 on Monday. The firm has a market cap of $5.07 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 2.46 and a beta of 1.36. Sealed Air Corporation has a 52-week low of $22.78 and a 52-week high of $38.85. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.71 and a current ratio of 1.19. The business’s fifty day moving average is $33.23 and its 200-day moving average is $31.18.

Sealed Air (NYSE:SEE) last released its earnings results on Tuesday, August 5th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.17. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Sealed Air had a return on equity of 60.61% and a net margin of 5.46%.Sealed Air’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 EPS. Sealed Air has set its FY 2025 guidance at 2.900-3.300 EPS. Sell-side analysts expect that Sealed Air Corporation will post 3.05 EPS for the current fiscal year.

Sealed Air Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.80 annualized dividend and a yield of 2.3%. Sealed Air’s dividend payout ratio (DPR) is 40.40%.

About Sealed Air

Sealed Air Corporation provides packaging solutions in the Americas, Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates through two segments, Food and Protective. The Food segment offers integrated packaging materials and automation equipment solutions to provide food safety, shelf life extension, reduce food waste, automate processes, and optimize total cost for food processors in the fresh red meat, smoked and processed meats, poultry, seafood, plant-based, fluids and liquids and cheese markets under the CRYOVAC, CRYOVAC Grip & Tear, CRYOVAC Darfresh, LIQUIBOX, Simple Steps, and Optidure brands.